Your Call: How is global investment affecting real estate and housing in the Bay Area?
On the July 9th edition of Your Call, we’ll discuss the Bay Area's place in the global real estate market. Recently, The San Francisco Business Times reported that one of the world’s largest real estate developers, Shanghai-based Greenland Holding Group, is in talks to invest billions of dollars in Bay Area for the first time. Last year, foreign investors purchased more than $92 billion worth of existing U.S. homes. About 60 percent of foreign buyers paid cash, compared with one-third of domestic buyers, according to a 2014 survey by the Association of Realtors. How is the global real estate market affecting the housing crunch in the Bay Area? It’s Your Call with Rose Aguilar, and you.
Robert Edelstein, co-chairman of the Fisher Center for Real Estate and Urban Development at UC Berkeley’s Haas School of Business
Maeve Elise Brown, co-founder and executive director of Housing and Economic Rights Advocates